Question
Is this sukuk asset-based or asset-backed? Explain. Describe the risks investors might face in investing in this sukuk. What are the risk mitigations measures provided
Is this sukuk asset-based or asset-backed? Explain.
Describe the risks investors might face in investing in this sukuk. What are the risk mitigations measures provided by the issuer to investors?
- Explain how the issuer proposes to pay or distribute periodic profit/coupon to investors in the event that the actual earnings fall short of expected earnings as well as when actual earnings is higher than expected earnings.
Were there any sale and/or purchase undertaking in the structure? Why did the structure contain purchase and sale undertaking?
Explain the utilization of collateral and securities in the sukuk. Did the issuer offer any collateral or securities to be charged or assigned? Was there any guarantee given to investors in case of default?Explain the mechanism and valuation of transfer of assets upon maturity of the sukuk as well as when an event of default has occurred.
- In addition, use the following format below to explain the main sukuk features.
| Country | |
| Sukuk Name | |
| Name of Issuer | |
| Principal activities of issuer | |
| Name of Originator/Obligor | |
| Principal activities of Originator / Obligor | |
| Date of Issue | |
| Issue size | |
| Tenor (years) | |
| Issue Price | |
| Listing Status | |
| Shariah Principle Used sukuk issuance | |
| Rating | |
| Profit/Coupon | |
| Profit / Coupon Payment Frequency | |
| Underlying/ Identified assets | |
| Purpose of Issue / Utilization of sukuk proceeds |
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